admin - Copperbelt Katanga Mining

Written by admin

Copper settles down at last, a month after big squeeze

November 17, 2021November 17, 2021 admin

Amonth after an unprecedented squeeze roiled the copper market, a short-term spread is back to normal levels as rising exchange inventories relieve the pressure on buyers. The spread between spot and three-month contracts on the London Metal Exchange eased to a $32.50-a-ton premium by Monday’s close. While the premium signals that near-term supply is still tight, it’s back in line with levels seen prior to the October squeeze, when the spread surged above $1 100 as buyers were caught off guard by a sudden slump in stockpiles. Spot contracts often trade at… Read More Here

Gold

Partners aim to improve Africa’s gold traceability

November 16, 2021November 16, 2021 admin

Agreement between Minexx and NGO covers community development initiatives. Traceability platform specialists Minexx has agreed on a memorandum of understanding (MoU) with Solidaridad, an international civil society organisation, to improve the gold supply chain in Africa. The companies said that the MoU would cover projects related to traceability and how to link it to community development on future joint initiatives. Specifically, it would increase transparency in artisanal and small-scale mining (ASM), which the companies said is linked to “money laundering and criminality.” They explained it is “extremely important” to combine transparency… Read More Here

Mining in DRC

DRC: CONECOMA and Provincial Governments sign an agreement on the free movement and marketing of minerals

November 16, 2021November 16, 2021 admin

The Confederation of traders, cooperatives and artisanal mining transporters “CONECOMA” and the representatives of the provincial governments proceeded, on Saturday, November 13, 2021, in Goma, to the signing of an agreement on the free movement and marketing of minerals. This agreement was signed by three provinces namely Maniema, South Kivu and North Kivu. It was at the end of an exchange workshop between the different actors. This is an agreement that aims to combat mining fraud. According to the Principal Advisor to the Military Governor of North Kivu in charge of… Read More Here

Battery Metals Lithium

Rise in battery costs to keep lithium price rallying — report

November 16, 2021November 16, 2021 admin

Lithium prices have rallied in 2021 and are now at record-high levels, amidst the sharp acceleration in demand during a global supply struggle. In its latest industry report, market analyst Fitch Solutions revised up significantly both its lithium carbonate and hydroxide price forecasts from 2021 to 2026, to incorporate higher global EV sales assumptions from its Autos team and subsequent stronger lithium demand for batteries. Fitch was expecting prices to remain on an uptrend over 2021-2022. The analyst launched the new lithium price forecast in May 2021, but lithium prices have rallied beyond… Read More Here

Gold

Gold and climate change

November 16, 2021November 16, 2021 admin

The World Gold Council and its members recognise that climate change imposes very substantial risks to the global economy and socio-economic development. Policy makers, industry stakeholders, asset owners, investors, and wider society are now eager for a greater understanding of these risks and their potential consequences, and how they might be mitigated or managed in future. To contribute to a clearer, more consistent appreciation of how climate-related risks (and opportunities) might impact the future prospects of the gold industry, we have undertaken a programme of research, in collaboration with leading… Read More Here

Mining Companies

‘Normalization of Zambia’s fiscal restrictions significant in the country’s efforts to attract fresh investment’

November 16, 2021November 16, 2021 admin

According to Mark Bristow, CEO of Barrick Gold, the normalization of Zambia’s fiscal restrictions was “a very significant event” in the country’s efforts to attract fresh investment. Zambian tax policies were revised in its national budget last week, just two months after Hakainde Hichilema was elected as the country’s new president. Mining royalties are now deductible from corporation tax under new laws, overturning a contentious decision made by Hichilema’s successor, Edgar Lungu. Barrick Gold operates the Lumwana copper mine in Zambia which is on course to contribute roughly 20% of… Read More Here

Gold International

Gold price rally stalls as China data shows growth stabilizing

November 16, 2021November 16, 2021 admin

Gold steadied as investors mulled what’s next for inflation and monetary policy, while scrutinizing better-than-expected economic data from China. Bullion finished last week at its highest since June as accelerating price pressures rocked bond markets and fueled demand for the traditional haven. Treasuries are steadier on Monday as investors await public appearances by Federal Reserve officials and other central bankers in coming days. In China, a flurry of figures on everything from industrial output to retail sales showed the country’s economy stabilizing as spending improved and power supply picked up.… Read More Here

Copper International

Copper price rises as investors cheer Xi-Biden talks

November 16, 2021November 16, 2021 admin

Copper prices rose on Tuesday as the dollar weakened and risk sentiment improved on positive developments from a meeting between US President Joe Biden and Chinese leader Xi Jinping. Three-month copper on the London Metal Exchange rose 0.4% to $9,711.50 a tonne, while the most-traded December copper contract on the Shanghai Futures Exchange edged up 0.2% to 71,070 yuan ($11,154.01) a tonne. The dollar eased broadly against riskier currencies and the yuan scaled a five-month high, as talks between the two presidents seemed to have an amicable start. Biden and Xi… Read More Here

Copper Mining in DRC New Mining Projects

Ivanhoe Mines records a profit of $85.4 million in Q3

November 16, 2021November 16, 2021 admin

Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) today announced its financial results for the three and nine months ended September 30, 2021. This quarter marks the first quarter of commercial production at the company’s Kamoa-Kakula Copper joint-venture in the Democratic Republic of Congo (DRC). Ivanhoe Mines also is advancing development of the Platreef palladium-rhodium-platinum-nickel-copper-gold discovery in South Africa, which is scheduled to begin production in 2024, and is upgrading the historic Kipushi zinc-copper-lead-germanium mine, also in the DRC, for a resumption of production. Ivanhoe also is exploring for new copper discoveries on… Read More Here

Battery Metals Cobalt International Lithium

Researchers push for more accurate battery metals demand forecasts

November 15, 2021November 15, 2021 admin

Common assumptions that state that demand for battery metals will continue to increase for the foreseeable future, as they are essential for high-performance lithium-ion batteries, may be misleading, a new report by CSIRO states. According to Australia’s national science agency, unsophisticated models based on current supply levels and basic recycling rates are promoting many mischaracterizations of the real opportunities in both metal mining and recycling. In the view of the experts at CSIRO, such models ignore the dynamics of materials flows on a global scale and the expected changes in underlying technologies. “Metal… Read More Here